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these new job numbers, does this give the president a better position on the fiscal cliff talks? >> i don't think it changes very much. it's part of a continuing trend we've seen over the last three or four years, very steady but moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. it's interesting speaker boehner canceled one day of business. he's already canceled one day of business next week. i think what he's trying to do is get his members out of town, out of washington so they can't coalesce under a strategy to undermine what he's doing. i think he's seriously looking through this. >>> let's listen to what he said during a press conference yesterday. this is speaker boehner. >> even if the president got the tax rate hike he wanted, understand we would continue to see trillion dollar deficits for as far as the eye can see. >> listen, washington has got a spending problem, not a revenue problem. >> does the speaker have a point? >> well, not really. we do have a revenue problem. revenue is at the low
these new job numbers, does this give the president a better position on the fiscal cliff talks? >> i don't think it changes very much. it's part of a continuing trend we've seen over the last three or four years, very steady but moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. it's interesting speaker boehner canceled one day of business. he's already canceled one day of business next week. i think what he's...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after, house minority leader nancy pelosi put the blame back on republicans. let's listen. >> the only obstacle standing in the way of middle income tax relief are the republicans' unwillingness to ask the top 2% to pay their fair share. this is a moment of truth. the clock is ticking. christmas is coming, the goose is getting fat, but in many homes across america it's very -- a very, very lean time. >> and today's jobs report showing 146,000 jobs added in november and unemployment dipping to 7.7% may give the president some leverage in negotiations with boehner. but while the president
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us...
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. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key. the top tax rate is set to rise from 35% to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and biden showed some wiggle room. >> the top brackets have to go up. it's not a negotiable issue. theoretically we can negotiate how far up. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city he
. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how...
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here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap. >> house speaker john bainers says his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk but no action. yeah. a lot of talk but no action, or as they call that in college a date. >> good morning, everyone. i'm randi kaye. victor is off today. it's 9:00 on the east coast. 6:00 a.m. out west. thanks so much for starting your day with us. we start this morning with the supreme court and the decision to hear two major cases on same-sex marriage. justices will hear arguments against the federal government's defense of marriage act and california's proposition eight. prop 8 banned same-sex marriage
here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap....
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both numbers better than expected in the wake of hurricane sandy and fiscal cliff anxiety. >> so it looks like sandy will not affect the numbers even after revisions. >> reporter: georgetown's harry holzer, former chief economist for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people
both numbers better than expected in the wake of hurricane sandy and fiscal cliff anxiety. >> so it looks like sandy will not affect the numbers even after revisions. >> reporter: georgetown's harry holzer, former chief economist for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month--...